Special Capital Credit Retirements Sample Clauses

Special Capital Credit Retirements. The Cooperative may specially retire and pay some or all Capital Credits allocated to an Entity Patron or former Entity Patron: (1) during or after the Entity’s dissolution, liquidation, or other cessation of existence; (2) after receiving a written or Electronic request from the Entity or the Entity’s legal representative; and (3) according to the terms and conditions agreed upon by the Cooperative and the Entity or the Entity’s legal representative.
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Special Capital Credit Retirements. The Cooperative may specially retire and pay some or all Capital Credits allocated to an individual Member or former Member: (1) after the death of the individual; (2) after receiving a written request from the deceased individual’s legal representative; and (3) according to the terms and conditions agreed upon by the Cooperative and the deceased individual’s legal representative. The Cooperative may specially retire and pay some or all Capital Credits allocated to an Entity Member or former Entity Member: (1) during or after the Entity’s dissolution, liquidation, or other cessation of existence; (2) after receiving a written request from the Entity or the Entity’s legal representative; and (3) according to the terms and conditions agreed upon by the Cooperative and the Entity or the Entity’s legal representative.
Sample 1
Special Capital Credit Retirements. The Cooperative may specially retire and pay some or all Capital Credits allocated to an Individual Patron or former Patron: (1) after the death of the Individual; (2) after receiving a written or Electronic request from the deceased Individual’s legal representative; and (3) according to the terms and conditions agreed upon by the Cooperative and the deceased Individual’s legal representative. The Cooperative may not specially retire and pay Capital Credits allocated to an Entity Patron or former Entity Patron, whether or not during or after the Entity’s dissolution, liquidation, or other cessation of existence. The Cooperative will pay the allocated amounts of capital credits to be retired in full, without discount. Notwithstanding the foregoing, the Cooperative is not required to retire and pay Capital Credits allocated to a Member from any Entity in which the Cooperative is or was a member, patron, or owner, if such Entity has not retired and paid such allocated Capital Credits to the Cooperative.
Sample 1

Related to Special Capital Credit Retirements

  • Repayment of Participations (i) At any time after any Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Applicable Percentage of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender. (ii) If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

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